WASHINGTON: US authorities on Thursday charged and arrested a former employee of a major digital exchange in what they called the first-ever cryptocurrency insider trading case. The Justice Department charged former Coinbase product manager Ishan Wahi, saying he released confidential information about coming listings to his brother Nikhil Wahi, and friend Sameer Ramani, who also were charged in the scheme …

• Differ over notion Pakistan facing Sri Lanka-like crisis • Urge govt to fix dollar rate, appoint SBP chief, declare economic emergency KARACHI: A sort of rift appears to have emerged as the top leadership of Businessman Group (BMG) has contested the warning of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) chief that Pakistan is heading towards …

The rupee continued to lose ground against the dollar on Friday, hitting yet another record low of Rs228 interbank trade as concerns remained over the exchange rate volatility and analysts called for the government and central bank’s intervention. According to the Forex Association of Pakistan (FAP), the rupee depreciated 75 paise — a slump of 0.33pc — against the previous day’s close …

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index on Friday plunged by more than 290 points during intraday trading. According to the PSX website, stocks initially started in the green. However as the day progressed, the index bottomed out at 39,541 by 11:30am, sliding 290.75 points from yesterday’s close of 39,831.75. The index then made a slight recovery and settled …

Lawmakers chose India’s first president from the country’s tribal communities on Thursday, which could boost the appeal of Prime Minister Narendra Modi’s party among marginalised groups ahead of the 2024 general election. Droupadi Murmu, a 64-year-old teacher turned politician, will be the second woman to hold the largely ceremonial role as head of the republic when she takes office on …

WASHINGTON: “It’s pai­n­ful to walk away from someone you once loved. But it is even more painful to love someone who is careless with your heart,” 29-year-old Pakistani-Ame­rican Sania Khan wrote in one of her last social media posts. Earlier this week, her estranged husband Raheel Ahmed, 36, arrived at her home in a Chicago suburb, shot her dead and …

WASHINGTON: Special Assistant to the Prime Minister Tariq Fatemi told US Deputy Secretary of State Wendy Sherman on Thursday that Pakistan views the United States as an ‘important partner in its efforts to revive” the country’s ailing economy. State Department spokesperson Ned Price said Deputy Secretary Sherman noted the 75th anniversary of diplomatic relations between the United States and Pakistan …

ASPEN: Russia’s military is likely to start an operational pause of some kind in Ukraine in the coming weeks, giving Kyiv a key opportunity to strike back, Britain’s spy chief said on Thursday. Richard Moore, chief of the Secret Intelligence Service (SIS) known as MI6, also estimated that about 15,000 Russian troops had been killed so far in its war …

NEW DELHI: Indian investigators on Thursday summoned Sonia Gandhi, president of the opposition Congress party, for questioning on money laundering accusations that her allies have blamed on an abuse of government power. The 75-year-old has been a driving influence in her once-dominant party since the 1991 assassination of her husband, former prime minister Rajiv Gandhi, and heir to a political …

WASHINGTON: Just a week after its first images were shown to the world, the James Webb Space Telescope may have found a galaxy that existed 13.5 billion years ago, a scientist who analysed the data said on Wednesday. Known as GLASS-z13, the galaxy dates back to 300 million years after the Big Bang, about 100 million years earlier than anything …